Sharjah, April 25, 2015: Gulf Dynamic Switchgear [GDS], a wholly-owned subsidiary of Masharie LLC - the private equity arm of Dubai Investments PJSC and a leading manufacturer of low voltage switchgear panels, has achieved 24% year-on-year growth in 2014, further strengthening its position as a market leader across the Gulf.

The company also announced a strong order book for 2015 with projects worth AED 40 million, including a vast majority of new orders in the mixed-use developments, industrial, utility, infrastructure and oil & gas projects. These include the Ibn Battuta Mall expansion, Emirati Housing Program 2000 Villas, Emaar Address Boulevard, Meraas Outlet Village, Manazel Al Khor, New York University DCP, Meena Plaza Development and Transco Strategic Water Storage & Recovery Project in Liwa, among others.

This growth comes amidst a massive spurt in infrastructure projects across the UAE and the Gulf. The World Energy Council has estimated an additional 100 GW of energy will be required to sustain rapid growth in GCC countries in next 10 years, which in turn will increase demand for switchgears, the global market for which is growing at a CAGR of 10.54% from 2014-2018.

Fawzi Jarrar, General Manager of Gulf Dynamic Switchgear, said: "We have achieved a strong growth in 2014 and bullish about our prospects over the next five years, mainly due to the latent demand in the infrastructure and mixed-use developments in the run-up to Expo 2020. We are confident that our dedication and improved resources will help us make significant advances in the sector in the coming years."

He added: "While we are focused on the low voltage switchgear panels, we have got product diversification plans which are under consideration."

Founded in 1981, GDS designs and manufactures a comprehensive range of specialised electrical products that are used throughout the Middle East in the government and private sectors. GDS manufactures main distribution boards, sub main distribution boards, motor control centres, feeder pillars and street lighting panels and synchronising panels.

GDS, an ISO 9001:2008 certified company, has developed many proven designs, type-tested to latest IEC standards and certified by European Accreditation authorities such as ASTA & LOVAG enabling it to supply products to various market sectors like Industrial, Infrastructure, Oil and Gas, Residential and Utilities.

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About Dubai Investments:
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 19,800 shareholders and a paid-up capital of AED 3.8 billion. Incorporated in 1995, the company has grown exponentially with investments in a number of businesses across three core sectors - real estate, manufacturing & industrial and financial investments across the UAE and the Middle East.

Since inception, Dubai Investments has challenged the norms and introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts across its diversified portfolio spanning different sectors and markets across the globe. With prudent use of capital and sound management skills, Dubai Investments has acquired over 70 companies and made profitable exits from some of them in the last 20 years.

Dubai Investments currently has over 40 subsidiaries & joint ventures under its portfolio, across a wide array of industries and continues to seek new investment opportunities in new sectors, locally and internationally, as part of its strategic expansion plans.

© Press Release 2015